SUBSTITUTE RETURN
Tax filing the Internal Revenue Service creates for the taxpayer to initially compute the tax due should the individual neglect to file his own return. This is done using the tax form data received from the employer, bank, and other sources. A substitute return may be inaccurate and not show all incomes, deductions, and credits that should be on the return since the tax forms collated by the IRS do not include all relative tax data.
POPULAR TERMS
Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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